YOU are responsible for the debt that is secured by the "stolen" car. Be sure to make a police report on the 'stolen" car.
The person who stole the car.
yes you will be responsible.
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The owner of the car (person(s)) who took the loan on the car are responsible
No. Your car gets repossessed, it's on you. You don't get to pass that on to someone else.
Your insurance would be responsible for the value of your car, minus the deductible. Make sure you have a police report and a very good alibi as you could be a suspect for the theft.
Yes you can retrieve personal belongings from your car if it gets repossessed. By law you are allowed 7 days after your car gets repossessed to retrieve your personal belongings.
The car can be repossessed. The estate is responsible to return the vehicle and resolve the lease or loan.
IF your nae was NOT on the paperwork, you may have a hard time finding out. If it IS, then call the lender and ask about YOUR car. Or call the PD where it was alledgedly stolen.
The tow/repossession company has to notify the police of the repossession so the car can't be reported stolen..
There are certain strict procedures that an automobile repossessor must follow when he is repossessing your car. The repossessor must notify the police that such vehicle is being repossessed, you did before or after the repossession has occurred. In either case, the police should know right away that the vehicle was repossessed. If this is not the case, then the vehicles like to have been stolen.
Assuming the stolen car was insured, the stolen cars insurance would be responsible. If the stolen car was not insured, the driver, if located would be responsible. If not located then the owner would probably be held responsible. Hopefully the struck vehicle is insured for "uninsured motorist" coverage. Filing the report after the accident would document the theft, but not neccesarily clear the owner of responsibility.